Danang Foundation Corp

Tax-deductible

Jackson Hts, NY501(c)(3)ReligionEIN 20-8389978

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To improve education, alleviate poverty, provide healthcare, preserve culture and conserve the environment.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 5 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $74K a year · 30% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 37% of spending
Top officer’s pay lower than 54% of similar orgs
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $85K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$408K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$219K
-34% vs prior year
Spent
$249K
To programs
78%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$219K
FY2024▼ -34%
Revenue by fiscal year
FY2020$232K
FY2021$168K
FY2022$285K
FY2023$331K
FY2024$219K
Expenses
$249K
FY2024▼ -52%
Expenses by fiscal year
FY2020$216K
FY2021$271K
FY2022$350K
FY2023$519K
FY2024$249K
Net assets
$1.2M
FY2024▼ -3%
Net assets by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.4M
FY2023$1.2M
FY2024$1.2M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $195K Management & general 22% · $54K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
$45,600Pt VII · Sec A
$45,600Pt VII · Sec A
$0Pt VII · Sec A
Secretary/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/CFO
$0Pt VII · Sec A

Tashi Rinpoche Lama Tsewang’s $46K as President is at the 46th percentile of top reported officer pay among 2132 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tashi Rinpoche Lama Tsewang$45,600$45,600$45,600$45,600$37,100

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II4 listed

Programs and updates

Improves education, poverty, healthcare, culture, and the environment.

Provided by the organization

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2 program services account for $390K of program spending, described in the organization's own filed words · FY2024.
01

To improve education, alleviate poverty, provide healthcare, preserve culture and conserve the environment.

$195Kprogram expense
02

To improve education, alleviate poverty, provide healthcare, preserve culture and conserve the environment.

$195Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$85K
Grants paid · 4 grants · $112K · 2022–2024
Unitemized GrantFY2023$82,350

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$219K
Ln 12
Fees for servicesLn 2g$156K
Gifts and grantsLn 1h$62K
Investment incomeLn 3$498
Money outPt IX
$249K
Ln 25
Programscol B$195K
Managementcol C$54K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$10K
Total assetsLn 16$1.6M
LiabilitiesLn 26$408K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Fees for servicesLn 2g$156K
Investment incomeLn 3$498
Total revenueLn 12$219K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$10K
Total assetsLn 16$1.6M
LiabilitiesLn 26$408K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $219K$249K−$30K$1.2M 990 PDF
FY2023 $331K$519K−$187K$1.2M 990 PDF
FY2022 $285K$350K−$65K$1.4M 990 PDF
FY2021 $168K$271K−$103K$1.4M 990 PDF
FY2020 $232K$216K$16K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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